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No Section 271(1)(c) Penalty if Full Disclosure Made in Return & Audit Report: ITAT Rajkot
Case Law Details
- Case Name
- Klin Industries Vs ACIT (ITAT Rajkot)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Rajkot
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Klin Industries Vs ACIT (ITAT Rajkot)
The Income Tax Appellate Tribunal (ITAT), Rajkot Bench, disposed of three appeals filed by the assessee relating to Assessment Years 2014-15 and 2016-17 against penalty orders passed under Section 271(1)(c) of the Income Tax Act, 1961. The Tribunal noted that one of the appeals for A.Y. 2014-15 was merely a duplication because an earlier appeal for the same assessment year had already been decided by the Tribunal through an order dated 15.01.2026, wherein the penalty was deleted on the ground that the notice issued under Section 271(1)(c) was defective. Si...
